Through a recent partnership with the London Institute of Banking and Finance, West Suffolk College is proud to be offering this qualification to those that would like to either pursue a career in Banking Practice and Management, or to upskill their qualifications in this area.
The course covers 12 modules detailed below where each year builds a foundation in a set of subjects crucial to a successful career, equipping you with the specialised knowledge of theoretical models and applications in banking and finance. By the third year your knowledge will be taken to a high level exploring themes such as strategy, management and risk.
Assessing Financial Performance - All enterprises need to set objectives and monitor achievement in the core areas of their business. An important aspect of business activity is the ability to report performance to a variety of users. At a corporate (or business-unit) level, the objectives and outcomes will frequently be expressed in financial terms. However, it is likely that objectives will also be expressed in non-financial terms - particularly at a business department / function or individual level.
Financial Markets and Risk - This module is designed to provide an introduction to the environment within which the financial services industry operates and explores the main components of the financial system. It begins by describing the role of the central bank, the financial markets, and the major institutions which operate within them. The emphasis is on how the financial system works and on the inter-relationships between market participants and stakeholders.
Fundamentals of Leadership and Management - Effective management is fundamental to the success of any organisation. An understanding of the different types of organisational structure and the ability to analyse an individual's own organisation and an individual's place within it are therefore critical to an individual's ability to manage effectively.
Marketing in financial services - The focus of this module is how financial services organisations identify, understand and meet the needs, expectations, and aspirations of customers to ensure the effectiveness of an organisation's marketing effort. A key aspect is understanding the importance of being aware of changes in the marketplace (including the competitive landscape), which will have a significant impact on the customers of financial services organisations and the way the organisation interacts with them.
Financial Services: The Commercial Environment - This module focuses on the macroeconomic environment surrounding financial services organisations. It looks at the theories of intermediation, the process of disintermediation, and the macroeconomic, regulatory and technological drivers that impact on the financial services industry. You will be encouraged to consider how these influences interact with each other and how they impact on financial services in practical terms.
Retail Financial Services - Retail Financial Services is an option module aimed at those working, or aiming to work, in the retail financial services environment responsible for a broad range of customer-facing activities. Retail customers in this context relate to consumers and small business enterprises with annual turnover of up to £1m in the context of the UK regulated environment. These customers have needs that initially relate to transaction-based banking facilities then, at some later point, borrowing, protection, investments and, potentially, specialist services. There will be different needs depending on the customers' life stages and circumstances.
Organisational Management in Financial Services - This module focuses on five core areas crucial to the successful leadership and management of an organisation that enable it to achieve its objectives. These core syllabus elements â€“ leadership and management, culture, organisational structure, planning and control, and change management, are each explored separately as well as in the context of their inter-dependencies. Within these core areas, consideration is given to how to create long-term sustainable benefits, in line with prevailing ethics and understanding, and how to respond constructively to social, environmental, and economic change. You will be encouraged to consider a number of theoretical frameworks and principles relating to each of these key areas and how these apply to financial services organisations.
Work Based Learning - The purpose of this module is to provide an integrated approach to study and help you enhance your skills through an iterative process of use and reflection. You will have opportunities to reflect upon your academic learning and gain relevant practical experience by applying this learning in your workplace, particularly in relation to how the impacts of change and risk are managed in your organisation (the theme of the module).
Research Based Dissertation - The Research-Based Dissertation equips you with the tools to plan and undertake a small-scale research dissertation and give you the opportunity to put this learning into practice through designing and undertaking an extended study, working independently.
Risk Management in Banking - Risk Management in Banking is aimed at students who wish to build upon their previous knowledge of risk by critically evaluating the risk management process within a contemporary banking context. Given that those studying the module could be future leaders in the banking industry, the content of this module takes a very practical approach, ensuring you develop a good underpinning and an inquisitive approach to risk management. A wide range of data and rea- life case studies are used to help demonstrate practical issues and considerations for a modern banking industry.
Wealth Management - Wealth Management is an option module aimed at students who wish to build upon their previous knowledge of financial markets and products by analysing and evaluating the core financial service of wealth management. In particular, you will analyse the services provided under the wealth management banner and evaluate the process of advising High Net Worth Individuals. The significant rise in the number of such individuals has been a major feature of the financial services industry over the last decade.
Strategic Management in Financial Services - This module's main focus is the strategy & management in financial services or financial institutions,
particularly the wide spectrum of banks, and the module will cover both strategy & management concepts and skills with reference to case studies and empirical evidence. The module aims to give you an understanding of the nature of strategy & management in regulated financial institutions, by providing a comprehensive analysis of pertinent issues, both theoretical and practical, on the topic. Critically, you will gain an appreciation that strategy & management are intertwined with regulation to a degree rarely encountered in other industries.
The course is suitable for those currently in industry, choosing to upskill their qualifications and those seeking a career in Banking and Finance. You could also progress onto an LIBF Masters degrees in this subject area.
GCSE Maths - Grade 5 (or B)
Level 3 BTEC/OCR DMM
Days & times
Starting September 2018